Tuesday, March 18, 2008

COT Warns of US Dollar Sentiment Extreme

US Dollar Index: The 52 week COT index is at 67, indicating that plenty more selling is possible. However, the 13 week index is at 0, which warns of a bearish sentiment extreme and potential turn. Conditions remain bearish but the USD is probably a few weeks at most from a significant bottom. Watch for signs of a reversal.

Signal: Bearish but forming a bottom

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